70 GRADER N ARKITEKTUR AS: årsregnskap 2010 vs 2009
Cash halved-plus
approved 2011-06-30; registry 2011-08-18; journal 2011 601140
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 70 GRADER N ARKITEKTUR AS. Revenue 3.81m NOK → 3.98m NOK (+4.5%). Equity 619.0k NOK → 516.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.81m NOK to 3.98m NOK (+4.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 619.0k NOK → 516.6k NOK (equity ratio 281.4% → 40.5%). Calculated
-
↓
Cash fell
Bank deposits 574.1k NOK → 237.8k NOK (-58.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 204.0k NOK → 136.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.25m NOK → 2.92m NOK (59% → 73% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 499.6k NOK → 25.7k NOK (-94.9% YoY). Calculated